EUR/USD Price Analysis: Outlook shifts to constructive above 1.0800

- EUR/USD shoots past the 1.0800 barrier, or multi-week highs.

- Extra gains appear on the cards above 1.0800.

EUR/USD picks up extra pace and surpasses the 1.0800 hurdle for the first time since early September.

A clear breakout of the 200-day SMA, today at 1.0801, should shift the pair’s outlook to a more constructive one and open the door to a potential challenge of the weekly high of 1.0945 (August 30).

EUR/USD daily chart